Kardex reports a 29% increase in orders in the second half of 2025

LootboxPhobia · 2026-03-12T07:28:32+00:00

Kardex Holding AG announced a 29% increase in order volume to €527.3 million in the second half of 2025, exceeding expectations. Revenue reached €434.7 million, with an operating profit of €52.3 million. Due to acquisition effects, net profit was €5.7 million. Orders for automation products increased, and demand is expected to remain strong in the future, with a target of achieving €1.5 billion in sales by 2029 or 2031.

LootboxPhobia

2026-03-12 07:28:32

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Investing.com – Kardex Holding AG (SIX:KARN) announced on Thursday that orders in the second half of 2025 increased by 29%, reaching €527.3 million.

This exceeded analysts’ expectations of €450.8 million.

Sales during the period grew by 3% to €434.7 million, below the market consensus of €456.7 million. Operating profit increased by 4% to €52.3 million, roughly in line with the expected €53.1 million.

Net profit for the second half was €5.7 million, affected by a one-time non-cash expense of €39 million related to the acquisition of Rocket Solution.

Order growth was mainly driven by AutoStore, which saw a 113% increase compared to the same period in 2024, while Mlog grew by 27%. On a quarter-over-quarter basis, orders increased by 16% compared to the first half of 2025.

The company’s automation products division (including Remstar) reported orders of €266.5 million, up 6.2% year-over-year. Revenue in this division declined by 0.5% to €289.8 million, while operating profit grew by 2.6% to €46.8 million.

The standardized systems division (including Mlog and AutoStore) recorded orders of €261.7 million, a 66% increase from the second half of 2024. Revenue rose by 11% to €145.1 million, with operating profit remaining flat at €8.4 million.

During the period, free cash flow totaled €12.1 million, down from €34.7 million in the second half of 2024, due to increased capital expenditures and working capital needs. The company’s equity ratio was 53.6%, compared to 57.7% at the end of 2024. Net cash position was €136.5 million.

Kardex stated that demand for its internal logistics solutions is expected to remain strong. The company anticipates that revenue growth in 2026 will exceed the implied average growth rate of its mid-term target, which aims to reach €1.5 billion in sales by 2029 or 2031, representing an annual growth rate of 10% to 15%.

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